JAMB Commerce 2021 Paper

Concept:A merchant wholesaler is a middleman who takes ownership of goods and supplies them to retailers or other businesses.Explanation:Merchant wholesalers buy goods in large quantities from producers or manufacturers.They physically store these goods in warehouses.Unlike agents or brokers, merchant wholesalers possess title to the goods they handle.This means they own the goods and bear the risks of ownership.They later sell, in smaller quantities, to retailers who resell to final consumers.Their key functions are therefore taking title, storing, and selling to retailers.Answer:C. possess title to the goods, store and sell to retailers.